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Old 11-15-2002, 11:39 AM   #43
MagiK
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Quote:
Originally posted by Moiraine:
Just a historic note - do you know who invented the priciple of VAT ? [img]smile.gif[/img]

It was Sully, Prime Minister of our French king Henri IV, around 1600.

And at the time, it WAS a social idea, because at the time most of the people were peasants, who almost never manipulated money - they mostly got what they needed by directly exchanging goods. So Sully's idea was to get less money from overtaxing the peasants, and more from taxing merchants.

How a tax can be diverted from its original intent ...
Hurraaahhh for the French!